Research On The Relationship Among Urbanization、Real Estate Investment And Economic Growth Of Gui Zhou

The urbanization level of Guizhou is lower than the national average, and it is currently in the stage of accelerated development. The growth rate of GDP in Guizhou has ranked the highest in the country, but its growth potential is huge. In addition, the growth rate of its real estate investments is too fast,its economic growth is heavily reliant on real estate investments. Based on the above background, this thesis researches on the relationship among urbanization, real estate investment and economic growth of Guizhou, having a very important practical significance to promote the coordinated development of urbanization, real estate investment and economic growth.Based on the literature review on the current research situation at home and abroad in this paper,further analyses the intrinsic relationship of urbanization, the real estate investment and economic growth. Then, on the basis of theoretical research, select data from 2000-2013 in Guizhou, with the urbanization rate represents the urbanization level, real estate development investment on behalf of the real estate investment, gross domestic product on behalf of the economic growth, using Eviews 6.0 software to empirical research on the relationship among urbanization, real estate investment and economic growth. The research results show that,from the results of time series analysis, we find that there is a stable equilibrium relationship among them, and its short-term fluctuations are also obvious. The Granger causality test shows: Urbanization is the long term cause of economic growth, and economic growth is also the long term cause of Urbanization, but real estate investment isn’t the long term cause of economic growth; Urbanization is the long term cause of real estate investment, but real estate investment can’t promote urbanization obviously. Panel data analysis shows : Data model should be used fixed-effects model with variable coefficients, there is a stable equilibrium relationship among them, the interaction has difference among regions.For the above conclusion, based on the present situation in Guizhou, proposed to focus on the construction of the urban group, develop non-equilibrium model of urbanization development, speed up the reform of household registration system, reasonably control the size and growth rate of real estate investment, appropriately suppress the out effect of real estate investment, improve the level of economic growth and other measures to promote the coordinated development of urbanization, real estate investment and economic growth.